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The following posts are filed under: policy.
Time is money: simple, and problematic
We invest in transport because – overwhelmingly – the calculations say we will get where we’re going faster and time is valuable so it’s worth it. But the ways we’ve assigned a dollar value to it are pretty weird, explains Matt Lowrie of Greater Auckland.
Read More“Of course it’s worth it, they’ve said we’ll save 25 minutes at peak”
Travel times are at the heart of transport business cases. Business cases are how bureaucrats decide what’s worth spending your money on and what’s not (before politics), and we invest billions of public dollars every year on transport according to business cases. You’d hope they’ve got fundamentally sensible calculations of benefit to the nation… but do they?
Harriet Gale of Greater Auckland points out some big questions regarding how we do our sums.
Taxes and Tolls and Trains! Oh My!
The government’s Policy Statement on Land Transport is now open for public input. Talk Wellington observes the responses – including some doomsaying, fear and trembling. Should we care, and if so should we all be crying “Hooray!” or “Help!”?
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